MFS fall a goldmine for liquidators BY: LISA ALLEN From: The Australian December 06, 2012 12:00AM
LIQUIDATORS and lawyers associated with collapsed Gold Coast property and financial services group MFS have collected $44.733 million in fees, including millions of dollars in legal fees, $1.53m in disbursements, and a further $308,012 for media consultancy services, according to a secret report.
The confidential summary of costs, prepared by Ferrier Hodgson, reveals MFS liquidator Bentleys collected $15.69m plus expenses since its appointment in September 2009, while lawyers Henry Davis York have reaped more than $20m in fees even though the two central pieces of MFS litigation involving KPMG and the Fortress Liquidation are continuing.
